Fuel Price Increase: Marketers flummoxed as naira depreciation erodes gains of falling oil prices
Fuel marketers in Nigeria are highlighting the potential for gasoline prices at fuel stations to increase as the value of ...
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Tag: Currencies
Fuel subsidies removal and exchange rate unification: How the Oil and Gas sector has fared
Just three months following the “subsidy has been removed” directive and the unification of the exchange rate, businesses, sectors, industries, ...
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Video: JP Morgan statement on $3.7billion is misleading
The Director of Monetary Policy at the Central Bank of Nigeria, Dr. Hassan Mahmud, has raised concerns about the numbers ...
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BDCs hint that forex market will begin to see, capture diaspora remittances
The Association of Bureau De Change Operators of Nigeria (ABCON) has assured that the Nigerian economy will begin to see ...
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Naira resumes slide at P2P market once again, trades as low as N925/$
In the P2P market, the Naira fell as low as N925 against the dollar on Wednesday morning before moderating to ...
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BREAKING: Exchange rate falls to N900/$1 as operators ask ‘where is the dollar’
The exchange rate between the naira and the dollar plummeted to N900/$1 on the black market, based on quotes received ...
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BDCs say some fintechs, unlicensed online firms diverting diaspora remiitances
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, had earlier in August attributed the crash of ...
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Nigeria’s Money Supply rises to N64.9 trillion in July 2023
Nigeria’s money supply increased to N64.9 trillion in the month of July 2023, a significant rise from N64.3 trillion in ...
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Currency in circulation declines for first time in 5 months
Nigeria’s currency in circulation recorded a decline in July 2023, according to the latest data from the Central Bank of ...
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Naira Rebound and Crude Oil Drop Buys President Tinubu Some Time
Major petroleum product traders and other independent traders could enjoy some relief from rising gasoline importation costs after oil prices ...
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